Santa Rosa County Property Appraiser
Greg S. Brown IICFA
| 33-2N-28-0000-02206-0000 |
| 5480 DOGWOOD DR, MILTON, 32570 |
| STORES - DISCOUNT (001136) |
| 33-2N-28 |
| MILTON |
| 13.4261 |
| 7.91 |
| **DESCRIPTION UPDATE FOR 2025** COM AT TH NE COR OF TH SW4 OF TH SE4 OF SEC THN S89*59'47"W 1018.17 FT TO POB THN S00*11'25"W 145.90 FT THN S89*59'55"W 226.22 FT ON TH E R/W LI DOGWOOD DR THN S00*11'25"W 151.94 FT THN N89*43'48"E 324.95 FT THN S00*11'25"W 200.01 FT THN N89*43'48"E 242.16 FT THN S00*05'41"W 160.23 FT TO S LI N2 OF SW4 OF SE4 THN N89*54'56"E 468.60 FT THN N18*49'41"E 65.00 FT TO REF POINT "A" THN N18*49'41"E 42 FT M/L TO TH C/L COLLINS MILL CREEK THN MEANDER NWLY ON C/L 850 FT M/L TO I/S N LI SW4 OF SE4 THN S89*59'47"W 38 FT M/L SAID PT BEING N46*01'13"W 859.95 FT FROM REF PT "A" THN CONT S89*59'47"W 209.77 FT TO POB LESS & EXCEPT: COMM AT TH NE COR OF SW4 OF TH SE4 OF SEC THN S89*59'47"W 1018.70 FT TO POB THN S00*11'25"W 55.33 FT THN S88*49'35"E 4.22 FT THN N00*11'25"E 55.34 FT THN S89*59'47"W 4.22 FT TO POB (PORT OF #17 IN 3168/1789) ALL AS DES IN 3319 PG 1958 |
| REALTY INCOME US CORE PLUS 3 |
| 11995 EL CAMINO REAL |
| SAN DIEGO, CA 92130 |
| 2024 Certified | 2025 Certified | 2026 Certified | |
|---|---|---|---|
| Building Value | $1,112,819 | $1,194,808 | $1,174,670 |
| Extra Feature Value | $38,269 | $38,269 | $38,269 |
| Land Value | $173,998 | $193,583 | $193,583 |
| Land Agricultural Value | $0 | $0 | $0 |
| Agricultural (Market) Value | $0 | $0 | $0 |
| Just (Market) Value | $1,325,086 | $1,426,660 | $1,406,522 |
| Co. Assessed Value | $1,016,027 | $1,426,660 | $1,406,522 |
| Exempt Value | $0 | $0 | $0 |
| Co. Taxable Value | $1,016,027 | $1,426,660 | $1,406,522 |
| Type | STORES - DISCOUNT |
|---|---|
| Total Area | 14359 |
| Heated Area | 12552 |
| Exterior Walls | BRICK, MODULAR METAL |
| Roof Cover | PRE-FINISHED METAL |
| Interior Walls | DRYWALL |
| Foundation | BLOCK/MASONRY |
| Frame | STEEL |
| Floor | FINISH CONCRETE |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 2 |
| Bedrooms | 0 |
| Stories | 1 |
| Actual Year Built | 2012 |
| Effective Year Built | 2012 |
Current Traverse
Use: STORES - DISCOUNT (001136)
| Effective Rate | Replacement Cost |
|---|---|
| 106.016 | $1,342,481 |
| Normal | 12.5% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 87.5% |
| Replacement Cost New Less Depreciation (RCNLD) | $1,174,670 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Land Code | Description | Frontage | Depth | Unit Type | Land Units | Land Value |
|---|---|---|---|---|---|---|
| 001700 | OFFICE - 1 STORY | 150 | FF | 90 | $65,250 | |
| 001700 | OFFICE - 1 STORY | 0 | AC | 0.234 | $17,901 | |
| 000110 | SINGLE FAMILY - RURAL 5-10 ACRES | 0 | AC | 6.902 | $110,432 |
| Source | Code | Description |
|---|---|---|
| City of Milton | C-1 | Neighborhood Retail Commercial |
| City of Milton | R-1A | Medium Density Residential, Single Family |
| ASPHALT | 1 | 16970 SF | 2012 | $21,213 |
| CONCRETE | 1 | 3392 UT | 2012 | $8,480 |
| FENCE - CHAIN LINK 4 | 1 | 250 LF | 2012 | $2,250 |
| FENCE - WOOD 6 | 1 | 72 UT | 2012 | $936 |
| FENCE - WOOD 6 | 1 | 230 LF | 2012 | $2,990 |
| SIGN | 1 | 1 UT | 2012 | $2,400 |
| Multi-Parcel | Sale Date | Sale Price | Instrument | Book / Page | Qualification | Sale Type | Grantor | Grantee |
|---|---|---|---|---|---|---|---|---|
| N | 12/17/2024 | $100 | WD | 4581/354581 / 35 | U | I | REALTY INCOME PROPERTIES 13 LLC | REALTY INCOME US CORE PLUS 3 |
| N | 01/24/2014 | $1,955,300 | SW | 3319/19583319 / 1958 | U | I | DOLGENCORP LLC | REALTY INCOME PROPERTIES 13 LLC |
| N | 09/07/2012 | $100 | QD | 3169/17973169 / 1797 | U | I | RETAIL PROPERTY INVESTMENTS LLC | DOLGENCORP LLC |
| N | 09/07/2012 | $1,667,400 | SW | 3169/17923169 / 1792 | U | I | TERAMORE DEVELOPMENT LLC (GA LLC) | RETAIL PROPERTY INVESTMENTS LLC |
| N | 12/20/2011 | $325,000 | TD | 3101/8133101 / 813 | Q | I | WALLACE BILL & BILLIE DEAN AS TRUSTEES | TERAMORE DEVELOPE LLC (GA LLC) |
| N | 12/20/2011 | $50,000 | WD | 3101/8093101 / 809 | Q | I | RUTLEDGE MURRY C & KIMBERLY A (H&W) | TERAMORE DEVELOPMENT LLC (GA LLC) |
| Y | 04/25/2008 | $100 | QD | 2823/15762823 / 1576 | U | V | ADAMS WILBUR & IRIS S | RUTLEDGE MURRY C & KIMBERLY A |
| Y | 07/17/2007 | $100 | WD | 2751/18182751 / 1818 | U | V | WALLACE BILL & BILLIE DEAN | WALLACE BILL & BILLIE DEAN AS TRUSTEES |
| Y | 07/17/2007 | $100 | WD | 2751/18082751 / 1808 | U | V | WALLACE BILL & BILLIE DEAN | WALLACE BILL & BILLIE DEAN AS TRUSTEES |
| N | 10/11/2002 | $100 | WD | 2065/20952065 / 2095 | U | I | JAMES EUGENE N & DOROTHY M | WALLACE BILLY D & BILLIE DEAN |
| N | 03/01/1998 | $100 | CT | 1677/3961677 / 396 | U | I | WALLACE BILLY D | |
| N | 03/01/1998 | $77,000 | WD | 1677/3001677 / 300 | U | I | ||
| N | 08/01/1995 | $75,000 | WD | 1487/3881487 / 388 | Q | I | ||
| N | 06/01/1994 | $71,700 | WD | 1424/13211424 / 1321 | U | I | ||
| N | 05/01/1989 | $75,000 | WD | 1022/4801022 / 480 | U | I | ||
| N | 10/01/1978 | $13,000 | WD | 453/323453 / 323 | Q | V |